Repurchase agreement

Grupo Supervielle Reports 2Q23 Results

Retrieved on: 
Wednesday, August 23, 2023
Professional Services, Finance, NIM, ABA, LLP, IAS 8, Quarter, Jules Supervielle, Central bank, Coverage, Central Bank of Myanmar, NPL, Common equity, Repurchase agreement, Futures contract, Sale, Asset, Asset–liability mismatch, Primary, Yoy, Bank, IAS, Robbins Geller Rudman & Dowd LLP, BYMA, ROE, NYSE, Rare-earth element, Cryptocurrency, Management, Music

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on second quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We delivered positive ROAE improving to 17.6% in real terms as we continue executing on our strategic plan and progressing on our path to profitability while at the same time navigating a complex macroeconomic and political environment.
  • Net loan loss provisions amounted to AR$2.6 billion in 2Q23 compared to AR$3.5 billion in 1Q23 and AR$5.5 billion in 2Q22.

Zhihu Inc. Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 23, 2023
Advertising, Repurchase agreement, Share repurchase, Marketing, Tehran Stock Exchange, Stock exchange, GAAP, ID, Investment, Maus, Yan, Growth, Research, NYSE, Total, Video game, Mobile phone, Pharmaceutical industry, Cryptocurrency, Zhihu

BEIJING, Aug. 23, 2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 23, 2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended June 30, 2023.
  • Net loss was RMB279.1 million (US$38.5 million) in the second quarter of 2023, narrowed by 42.7% from the same period of 2022.
  • "In the second quarter of 2023, we continued to achieve high-quality growth and optimize our operating efficiency," said Mr. Yuan Zhou, chairman and chief executive officer of Zhihu.
  • Mr. Henry Sha, chief financial officer of Zhihu, added, "Our multi-engine business model delivered solid results this quarter with sustainable growth momentum.

LiveOne’s Slacker Radio Breaks Four Month Record Adding 238K New Paid Members* Since April – a 53% Year-Over-Year Increase

Retrieved on: 
Wednesday, August 16, 2023
LOS, Tesla, Repurchase agreement, LVO, Video game, LiveOne

- Increased Buyback Program to $7.5M Repurchasing 3.15 Million Shares to Date, Leaving $3.9 Million Capacity to Repurchase

Key Points: 
  • - Increased Buyback Program to $7.5M Repurchasing 3.15 Million Shares to Date, Leaving $3.9 Million Capacity to Repurchase
    LOS ANGELES, CA, Aug. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - LiveOne (Nasdaq: LVO ), an award-winning, creator-first music, entertainment, and technology platform, announced today that it continues to break multiple membership records.
  • Contributing to this surge are new memberships associated with Tesla, LiveOne’s largest customer.
  • LiveOne's senior management will host a live conference call and audio webcast to provide business developments and details of the planned spinout of PodcastOne at 1:30 p.m.
  • ET / 10:30 a.m. PT on Thursday, August 17, 2023.

Slaying the Unicorn: Next Wave Partners Shakes Up Startup Financing With the Safer

Retrieved on: 
Tuesday, August 15, 2023
Uncertainty, IPO, Partnership, Repurchase agreement, Safe, Dwight (The Walking Dead), Simple, Element, EPA Safer Choice, Sale, LAS, Risk, Polsinelli, Ecosystem, Cryptocurrency, Security (finance), Safer

LAS VEGAS, Aug. 15, 2023 /PRNewswire-PRWeb/ -- Next Wave Partners, a leading global venture studio and strategy firm, today open sourced its pioneering financial instrument: the Simple Agreement for Future Equity with Repurchase, or Safer. Available free for anyone to use, the Safer represents a radical departure from traditional early-stage company financing, offering a solution that protects the vision and leadership of founders while rewarding early investors for their outsized risk. Positioned as the future of startup financing, the Safer emerges as an antidote to the traditional financing models that perpetuate inequality in the startup ecosystem.

Key Points: 
  • The Safer is available for free access and customization, underscoring Next Wave Partners' commitment to fostering a more equitable startup financing ecosystem.
  • Positioned as the future of startup financing, the Safer emerges as an antidote to the traditional financing models that perpetuate inequality in the startup ecosystem.
  • By open sourcing the Safer, we hope to empower the broader startup community to evolve startup financing for the betterment of all."
  • In the true spirit of open source, Next Wave Partners welcomes contributors across the ecosystem to advance the Safer for maximal positive impact.

LiveOne Reports Q1 Fiscal Year 2024 Revenue of $27.8M and Adjusted EBITDA* of $2.2M

Retrieved on: 
Thursday, August 10, 2023
Music, Letter, Repurchase agreement, Sale, EBITDA, Acquisition, Russell, Growth, LOS, Adjustment, Conference, Total, Wine, J. P. Morgan, LVO, Slacker, Cryptocurrency, LiveOne

LOS ANGELES, CA, Aug. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter of its fiscal year ending March 31, 2024 (“Q1 Fiscal 2024”).  LiveOne’s CEO and Chairman, Robert Ellin, commented, “We are thrilled with the exceptional start to our fiscal year 2024. We are seeing hockey stick growth across both our Slacker and PodcastOne subsidiaries, and expect this growth to continue through the balance of the year.”

Key Points: 
  • ET on Thursday, August 10, 2023
    LOS ANGELES, CA, Aug. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -LiveOne ( Nasdaq: LVO ), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter of its fiscal year ending March 31, 2024 (“Q1 Fiscal 2024”).
  • LiveOne’s CEO and Chairman, Robert Ellin, commented, “We are thrilled with the exceptional start to our fiscal year 2024.
  • LiveOne launched its first celebrity brand wine, "Birthday Sex" Chardonnay , in collaboration with Grammy-nominated R&B artist Jeremih and renowned Napa Valley/Sonoma winemaker Russell Bevan.
  • Q1 Fiscal 2024 vs Q1 Fiscal 2023 Results Summary (in $000’s, except per share; unaudited)

Warrior Met Coal Announces Launch of Concurrent Tender Offers For its 7.875% Senior Secured Notes Due 2028

Retrieved on: 
Wednesday, August 9, 2023
Mining, Minerals, Manufacturing, Coal, Energy, Natural Resources, Steel, Repurchase agreement, Tender offer, Expiration date, RP, Sale, Capital allocation line, Goldman Sachs, Expiration, Tender, Policy, Payment, Personal Information Agent, Security (finance), Cryptocurrency, Note, Holder in due course, Restricted, Indenture

If the aggregate principal amount of Notes tendered in the Restricted Payment Offer is less than $302,618,000, then the Company will repurchase less than $150,000,000 aggregate principal amount of Notes in the Restricted Payment Offer.

Key Points: 
  • If the aggregate principal amount of Notes tendered in the Restricted Payment Offer is less than $302,618,000, then the Company will repurchase less than $150,000,000 aggregate principal amount of Notes in the Restricted Payment Offer.
  • The Restricted Payment Offer is not conditioned upon the Tender Offer and the Tender Offer is not conditioned on the Restricted Payment Offer.
  • The Restricted Payment Offer is being made only by means of the Restricted Payment Notice and Offer to Purchase (the “Restricted Payment Offer Document”), which contains the complete terms and conditions of the Restricted Payment Offer.
  • Holders should carefully read the Restricted Payment Offer Document before any decision is made with respect to the Restricted Payment Offer.

Steel Partners Holdings Reports Second Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units

Retrieved on: 
Wednesday, August 9, 2023
Other Professional Services, Professional Services, Finance, Tax, Partnership, Capital expenditure, E series of preferred numbers, Repurchase agreement, Financial services, Service provider, Steel Connect, Energy, Building material, EBITDA, Acquisition, Investment, Supply chain, CRT, Associate company, Marketing, Retail, Life insurance, Cryptocurrency

The increase was primarily due to higher expenses from the Financial Services segment of $29,700 and impact of newly acquired Supply Chain segment of $8,900.

Key Points: 
  • The increase was primarily due to higher expenses from the Financial Services segment of $29,700 and impact of newly acquired Supply Chain segment of $8,900.
  • SG&A for the six months ended June 30, 2023 increased $64,353, or 34.4%, as compared to the same period last year.
  • The increase was primarily driven by higher SG&A expenses from the Financial Services segment of $51,000 and newly acquired Supply Chain segment of $8,900 as mentioned above.
  • As of June 30, 2023, there were approximately 1,080,750 common units that may yet be purchased under the Repurchase Program.

TriNet Group, Inc. Commences a Fixed Price Tender Offer to Repurchase up to 5,981,308 Shares (Representing Approximately $640 million in Value of Shares)

Retrieved on: 
Tuesday, August 1, 2023
Exercise, Computershare, SMA, Communication, Letter, Note, Shareholder, Partnership, Repurchase agreement, Tender offer, Letter of transmittal, Special-purpose acquisition company, Finance, Share repurchase, Expiration date, BofA Securities, Money transmitter, Personal Information Agent, Bangladesh Securities and Exchange Commission, Audit committee, TriNet, Chairperson, Expiration, Tender, Mini-tender offer, Hand, NYSE, Security (finance), Purchasing

If the tender offer is not fully subscribed and fewer than 3,644,859 shares are properly tendered and not properly withdrawn pursuant to the tender offer, the Company will repurchase that number of shares properly tendered and not properly withdrawn pursuant to the tender offer and the Company will repurchase only 3,364,486 shares from Atairos under the Repurchase Agreement.

Key Points: 
  • If the tender offer is not fully subscribed and fewer than 3,644,859 shares are properly tendered and not properly withdrawn pursuant to the tender offer, the Company will repurchase that number of shares properly tendered and not properly withdrawn pursuant to the tender offer and the Company will repurchase only 3,364,486 shares from Atairos under the Repurchase Agreement.
  • Stockholders must make their own decisions as to whether to tender their shares and, if so, how many shares to tender.
  • Morgan Stanley & Co. LLC, BofA Securities, Inc. and Truist Securities, Inc. are acting as dealer managers for the Tender Offer.
  • Stockholders are urged to carefully read all of these materials prior to making any decision with respect to the Tender Offer.

TriNet Group, Inc. Announces Intention to Launch a Combined $1 Billion Fixed Price Tender Offer and Repurchase from Atairos, each at a Price of $107 Per Share of Common Stock

Retrieved on: 
Monday, July 31, 2023
Share, Optimism, Tender offer, Finance, Share repurchase, Expiration date, Luigi, Audit committee, Repurchase agreement, TriNet, Expiration, Tender, HCM, NYSE, Special-purpose acquisition company, Cryptocurrency, Security (finance)

Assuming the Tender Offer is fully subscribed, both transactions together will result in the repurchase of approximately $1 billion in shares.

Key Points: 
  • Assuming the Tender Offer is fully subscribed, both transactions together will result in the repurchase of approximately $1 billion in shares.
  • "For some time, we have believed that TriNet's stock represents significant value, especially in light of our recent financial and operating performance.
  • TriNet has not yet commenced the Tender Offer described herein, and there can be no assurance that TriNet will commence the Tender Offer on the terms described in this press release.
  • Stockholders are urged to carefully read all of those materials when they become available prior to making any decision with respect to the Tender Offer.

United Bancorporation of Alabama, Inc. Announces Second Quarter Earnings and Repurchase Program

Retrieved on: 
Friday, July 28, 2023
UB, Housing, Repurchase agreement, New Markets Tax Credit Program, FDIC, Urban Homesteading Assistance Board, CDFI, Community development financial institution, Economic development, OTCQX, Community development, United Bank, Cryptocurrency, Bank, Inc., United

ATMORE, Ala., July 28, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank (UB), Town-Country United Bank (TCUB), and UB Community Development (UBCD), announces its financial results for the second quarter ending June 30, 2023.

Key Points: 
  • ATMORE, Ala., July 28, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank (UB), Town-Country United Bank (TCUB), and UB Community Development (UBCD), announces its financial results for the second quarter ending June 30, 2023.
  • Earnings per share for the six months were $3.88 compared to $2.11 for the same period in 2022.
  • United reported $7.3 million net income for the quarter ending June 30, 2023, compared to $4.9 million for Q2 2022.
  • On July 25, 2023, the Board of Directors of United (the "Board") approved a stock repurchase program (the "Repurchase Program").